The FX market is arguably the largest and with good reason. Daily, traders transact up to $6 Trillion on average. This is usually attributed to the price fluctuations of the major currency pairs that enable the sector to generate such mind-boggling figures. As a trader, such volumes witnessed provide the perfect opportunity to make money. … Read more
The ultimate goal for any trader is to make a profit while trading. However, about 90% of active traders today are unsuccessful at the venture. That is why managing losses is critical to the success of any trader. Now there are several reasons why traders frequently return losses from their trades. One of the standout … Read more
Trading is founded on the fluctuating prices of various trading commodities. In any market, the price action tends to vary over time as it shifts upward then rescinds this position at a later date. This movement enables traders to capitalize on an option’s diminished value when they buy into the market. Further on, as the … Read more
Many traders wanting to get into the business are always uncertain about how much they need to trade. There is no definitive answer that guides you on exactly how much you need to kick start your trading journey. Nevertheless, the amount of money you can make available for trading won’t define your success or failure. … Read more
One of the hallmarks of trading is the ability to avoid loss-making trades. The basics of investment entail that once you place your money, the result follows a pre-determined gain trajectory. Any other consequence would result in a loss-making venture. To succeed at trading, one would need to monitor previous volume patterns of the trading … Read more
Day-traders are generally involved in making rapid trades throughout the day, and rarely will they hold a position throughout the night. Moreover, these guys train their focus on the varying price trends throughout the day. As such, a keen emphasis is placed on technical information about the price of trading items and commodities. This technical … Read more
Like any other income-generating activity on earth, forex trading is not easy. The market changes every passing minute due to external factors, the actions of other traders, and the news. Any successful trader knows the importance of keeping up with economic news and political events. Learning how to trade on forex without indicators, also known … Read more